While Cactus Inc has underperformed by -5.91%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WHD rose by 14.02%, with highs and lows ranging from $64.96 to $37.58, whereas the simple moving average jumped by 12.07% in the last 200 days.
On July 10, 2024, Citigroup Reiterated Cactus Inc (NYSE: WHD) to Neutral. A report published by Johnson Rice on May 31, 2024, Downgraded its rating to ‘Accumulate’ for WHD. Barclays October 17, 2023d the rating to Overweight on October 17, 2023, and set its price target from $48 to $60. BofA Securities October 16, 2023d its ‘Neutral’ rating to ‘Underperform’ for WHD, as published in its report on October 16, 2023. JP Morgan’s report from September 13, 2023 suggests a price prediction of $60 for WHD shares, giving the stock a ‘Neutral’ rating. The Benchmark Company also rated the stock as ‘Buy’.
Analysis of Cactus Inc (WHD)
Investors in Cactus Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.49 per share. Further, the quarter-over-quarter decrease in sales is -5.05%, showing a negative trend in the upcoming months.
One of the most important indicators of Cactus Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 22.19% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.59, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and WHD is recording 716.83K average volume. On a monthly basis, the volatility of the stock is set at 3.63%, whereas on a weekly basis, it is put at 4.60%, with a loss of -9.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $59.75, showing growth from the present price of $56.69, which can serve as yet another indication of whether WHD is worth investing in or should be passed over.
How Do You Analyze Cactus Inc Shares?
The Oil & Gas Equipment & Services market is dominated by Cactus Inc (WHD) based in the USA. When comparing Cactus Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 19.65, there is a growth in quarterly earnings of 96.53%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.95%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 122.74% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WHD shares are owned by institutional investors to the tune of 122.74% at present.
